Have You Ever Bought Insurance Over The Phone or Internet?

Purchased directly from an insurer, as opposed to buying through a financial adviser, Direct Life Insurance is obtained with minimal provision of individual medical information, and there is minimal underwriting, if any at all.
Yes- you have to ask yourself ‘Who would buy a car without checking under the hood?’ It’s a worrying practice.
Along with some Wolf-of-Wall Street selling techniques, the Pre-existing Conditions Clause has become a distinctively apparent clause for concern. Here’s why;

Pre-existing Conditions
If there is an ‘automatic acceptance’, and you provide no detailed medical information to obtain your insurance, then it is highly likely that anything considered a ‘pre-existing condition’ will not be covered. It’s as simple as that.
The evidence at the Commission has shown the extremely negative consequences of the direct insurance channel, and highlights the valuable contribution a financial adviser can make when ensuring that individuals are getting the right insurance for their own individual circumstances.

Case Study
One situation identified by the Royal Commission is mind-blowing, and grossly inappropriate.
In this instance, an insurer sold a policy to a man with an intellectual disability.
An internal email chain that was distributed within the Insurance Company’s Sale’s team highlighted the insurer’s intention to sell a particular product, despite the extensive negative impact it would have on the life of clients, especially someone with a pre-existing intellectual disability.
The email shows that there is $150 on offer as an incentive to sign up as many ‘lives’ as possible.

“Target is 400 lives by lunchtime.”
“Everyone aiming for seven lives over the first two sessions — 3.5 lives per session, easy peasy — and we’ll smash 400 lives to lock-in the incentive money for the last part of the day.”
“Also the draw for Tuesday is coming up, let’s smash it out folks and lock this cash money in.”

Sorry to burst this giant bubble, but yes, a free gift voucher, free TV subscription and other gimmicks should ring alarm bells.
Do your research. There may be alternative motives that do not have your best interests at heart.
It’s a sad practice. One that Partners In Planning are determined to push aside.
Spending 20 minutes to consider your life insurance choices now, will avoid any confusion later. In our opinion, it’s the greatest gift you can give to both yourself and your family.
Find out more about the Life Insurance policy that is right for you by contacting Partners In Planning. There’s no better time.

What Can a Probate Attorney Do?

You have probably heard the expression probate lawyer and probate, but what exactly does this term mean? It’s good to have a basic understanding of how probate works, to answer that question. In a nutshell, there is a probate a proceeding in which one or more people pass away.
The process begins when a person that has died names an heir (typically a spouse or other living relative) to take care of his or her deceased person’s assets. This air then passes the individual’s assets to the heir’s representative – the probate attorney.
Lawyers are registered and certified attorneys who help manage a deceased person’s estate. They will also do the tasks required to make certain that the rightful inheritors of the deceased person’s assets are identified. It’s vital that the succession of the estate be apparent from the start. This ensures that the resources will be passed on in a proper manner, without delays or complications.
A probate lawyer in Florida can be hired to aid the family to carry out the activities and responsibilities of a probate. The lawyer will take what remains to be compensated, and care of the administration of the estate, as well as the application for the probate. It can be included in the estate, if there are problems in probate or if there’s something missing from the home.
A probate attorney can handle nearly any sort of estate you could imagine – from a simple will to estates. Your loved ones are now ill, or if your injury has been settled, your nearest and dearest have passed away, a probate attorney can help you.
When deciding on a probate attorney Naples, it’s a good idea to know the kind of experience they bring to the job. Some attorneys specialize in wills, some have a specialty in probate-related claims, and others deal with many areas of the law. They need to be able to work with you.
The cost of a probate attorney is affordable in Florida. Hiring one will help speed along the proceedings from bogging down the process and prevent the probate court. Family members wish to see their family members receive the correct financial care they deserve.
If you’re not sure what sort of estate you’ve got, you can hire an attorney to look over the records, determine who the best candidate for the personal representative of the estate is then decide on a probate attorney Florida to represent them. This will be sure that your loved ones get the financial support they need and no expenses are added to their high medical bills.

What Is The Similarity And Difference Between Value Fund And Contra Fund

While investors know equity mutual funds based on market capitalization, they generally do not have an understanding of equity based funds which have an investment strategy. Value funds and contra funds are two of the popular fund types among these. Here, we understand what is mutual fund and examine two fund types and understand the difference between them.

What is a value fund?

A value fund is a fund that invests in stocks that are currently undervalued by the market. The fund manager and the research team generally works on the intrinsic value of the equity shares and invest in those shares whose current market prices do not accurately reflect its intrinsic value.

Value based investing is a strategy followed by investors like Warren Buffet and value funds in particular focus on making such type of investments. This class of investing generally believes that the stock market has inefficiencies which means some stocks trade below their true value.

By investing in undervalued shares, the fund hopes to gain when the market truly recognises the intrinsic value of these shares.

What is a contra fund?

A contra fund adopts a contrarian investment strategy to that followed by a majority of investors in the market. The fund managers generally invest in stocks that are underperforming in the market that are not chosen by most of the investors.

This investment strategy puts funds in stocks that are ignored by the market and sectors which do not get much investor attention. The underperforming stocks mean that the sector does not give returns as much as it is worth. However, the fund strategy is that this contrarian bet will perform well in the long run.

Difference between value fund and contra fund:

Value funds pick stocks that are undervalued in the market whereas contra funds pick those that are underperforming in the market.
Contra funds generally invest in companies that may temporarily be underperforming because of any reason.
Similarity between value fund and contra fund:

Both value fund and contra fund invest in fundamentally sound businesses. They do not trade in penny stocks or highly risky businesses.
Both are long term strategies that may have abnormal returns in the short run because of performance of the portfolio.